All Forum Posts by: Olivier M Ouedraogo

Let me be straight here. Your agent is full of .. What legal actions against the buyer who backs out of the deal? In worst case scenario you will lose your Earnest Money Deposit (EMD).
How much was your EMD? Knowing that the purchase price is $115k I can't imagine that EMD was more then $1k, I guess. 
When you get out of all of this fire your RE agent. 

@Olivier M Ouedraogo- thanks for the post ...let me know  if you would like a loan officer  referal 

Try David Wright with Atlantic Bank. He did an out of state condo loan for us in less than 30 days, and I had an underwriting veteran tell me that we were the hardest loan she had ever underwriting in the past.  He teaches workshops locally teaching investors how to buy the most number of properties with the least amount of cash.

I've been away from BP and am catching up.  What did you end up doing @Olivier M Ouedraogo?  If you want help nailing down the rent number feel free to shoot me the address as a text or DM.

Hello,

Seeking recommendations for a General Contractor for a full rehab (SFR Ranch) project in Portsmouth, VA. Thanks in advance and if you are a GC please reach out. Accepting bids immediately.

I was reading through the landlord tenant guide for Virginia Beach and came across:

Every nonresident property owner shall appoint and continuously maintain an agent
who (i) if such agent is an individual, is a resident of the Commonwealth, or if such agent
is a corporation, limited liability company, partnership, or other entity, is authorized to
transact business in the Commonwealth and (ii) maintains a business office within the
Commonwealth.

This makes it seem like  you have to have a property manager.  I did a search  BP about Virginia Beach Property Managers, and it seems that they are not worth cost of a months rent and 8 ot 10%

Can someone tell me the work around for this issue or recommend a good property manager?

Interesting. Did not know this. I’m out of the area and was considering self-managing  

I’ve used Renter’s Warehouse for 3+ years to manage 1 unit in VB. They’re not great but not terrible. I don’t like that I don’t have one single assigned contact. Have to contact their generic “info@renterswarehouse” email or whatever. Not sure their current rates. But I got lucky with $89/month 3 years ago.